Par Corp acquired 100% of Subco for $500,000. It the acquisition date, Subco had Common Stock of $50,000 and R/E of $350,000. The book value of Subco's assets = fmv except for a $45,000 customer list with a 5 year life. If the sub uses pushdown accounting, what entry will the sub make at the date of acquisition?

1. Dr Customer List $45,000

Cr Revaluation Capital $100,000

2. Dr Goodwill 55,000

Dr Common Stock $50,000

Cr Revaluation Capital $400,000

3. Dr Retained Earnings 350,000

Dr Customer List $45,000

Cr Revaluation Capital $500,000

4. Dr Goodwill 55,000

Dr Common Stock 50,000

Dr Retained Earnings 350,000

Dr Revaluation Capital $100,000

Cr Customer List $45,000

Cr Goodwill 55,000